Charles County Commissioners Adopt FY 12 Budget giving Employees a 1% Pay Increase

The Charles County Commissioners unanimously approved a general fund budget of just over $300 million for FY 2012 at their commission meeting last week.  The budget includes a pay raise of 1% for county employees and a lower than expected property tax differential for the Town of LaPlata.  According to the The Independent,   the commissioners also lifted a hiring freeze that was imposed in 2008.  The county schools fared better than most this year and got a nod of satisfaction from Superintendent Wise.

Perhaps less gratified by revenue decisions will be the town of La Plata, which requested a greater share of property taxes than the commissioners elected to give it. Town officials had asked that 11 cents per $100 of assessed value in property taxes be passed on to the town, but the county, straining to close a budget deficit, opted instead to provide only 8.5 cents.

At a La Plata Town Council meeting before the budget was adopted, Town Treasurer Bob Oliphant said that the difference between 8.5 cents and 11 cents would result in $329,000 in additional taxes for town residents.

The county budget also included a restructuring of road bond debt to delay repayment of $2.5 million in debt, a measure that saves money this year but will end up costing the county $7 million by fiscal 2029, according to an analysis by an accounting firm hired by the county.

Now that the budget has been adopted, the county awaits a verdict from the country’s three main credit rating agencies. The agencies decided to reserve judgment until the budget passed, Kelly said.

 

 

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